Surjadi ignorant of waste plan

Surjadi ignorant of waste plan

JAKARTA (JP): Governor Surjadi Soedirdja has denied knowledge
of the intentions of a private Malaysian firm to work with the
city in managing its waste.

He was responding to reports that the private construction and
infrastructure firm, Bescorp Industries Bhd, had entered an
agreement to jointly privatize waste management with a group
called Task Force Indonesia.

The new joint venture would be called PT Malindo Cipta
Nusantara, New Strait Times daily reported Wednesday.

Surjadi said Friday he had not even "smelled" such news,
although he said such a cooperation was possible in the future.

The report said the US$2 billion project covered a 50-year
concession. Bescorp would hold a 60 percent stake while the
city's sanitation agency would have 20 percent.

PT Malindo would have an initial paid-up capital of $8 million
for its stake in the company.

According to the report, which quoted a statement of Perwira
Affin Merchant Bank Bhd on behalf of Bescorp, Bescorp will
receive a minimum monthly revenue of $30 million for waste
collection in Jakarta.

The agreement also covered waste disposal, recycling and
marketing of processed waste. (11/anr)